Using this information, calculate the $2011$ and $2012$ effective exchange values for

the U$.$S$.$ dollar using $2011$ as the base year. Do the values you calculated indicate an

appreciation or depreciation of the U$.$S$.$ dollar? What is the rate of appreciation or

depreciation?

Using the data in Ouestion $5,$ calculate the real effective exchange values of the dollar.

Do the values you calculated indicate an appreciation or depreciation of the U$.$S$.$ dollar?

What is the rate of appreciation or depreciation?

In $2011,$ the spot rate of exchange between the Turkish lira $($TI$)$ and the euro was

$2\mathrm{.}016$ TV$/$E$.ln2012,$ the rate was $2\mathrm{.}348$ TV$/$E$.$ Based on this information, did the euro ap$-$

preciate or depreciate relative to the Turkish lira? What was the amount, in percentage$-$

change terms, of the appreciation$/$depreciation$?$